Swine Feed Premix Market - Growth, Trends, and Forecast (2020 - 2025)
発行: Mordor Intelligence LLP
ページ情報: 英文 109 Pages
The Global Swine Feed Premix Market is projected to register a CAGR of 2.05% over the forecast period.
Amino Acids - The Most Popular Ingredient in Swine Feed Premixes
Amino acids are one of the key ingredients in swine feed premixes. Several essential amino acids are available in the synthetic form such as lysine, threonine, valine, tryptophan and methionine, which are supplied to pigs through premixes. In addition to their efficacy as building blocks of animal proteins, amino acids have also found to have an impact on the reduction of feed costs, where higher levels of synthetic amino acids are used. This is an important parameter affecting the swine feed premix market, since most of the farmers using these premixes rely on home-grown feed. This helps them adjust the levels of amino acids to provide optimum nutrition, especially to young piglets, in addition to savings on feed costs. Amino acids, hence shore up a major share in the Global Swine Feed Premix Market.
North America to Balance out Asian ASF Impact
It has been well-established that the pig meat production in the Asia-Pacific region has been severely impacted by the deadly African Swine Fever (ASF). This has meant that the North American region, which has been by far free from the pandemic, is expected to be the fastest growing market over the forecast period. The swine feed production in the region stood at 79.5 million metric tons in 2019 and the growth in the premix market is driven by the increased consumption of processed pork meat, which requires optimum nutrition to be provided for the animal.
The Global Swine Feed Premix Market is fragmented with top global and regional players competing fiercely with local manufacturers. Expansion and investments are the most preferred growth strategy followed by mergers and acquisitions in the Global Swine Feed Premix Market. The major companies focused on the expansion of the business across regions and setting up the new plant for increasing production capacity as well as product lines. The major players in the market are Cargill, Inc., Charoen Popkhand Group, Land O' Lakes, Inc., DBN Group, and DSM Animal Nutrition, among others.